DIRECTION AND COMPOSITION
OF INDIAS FOREIGN TRADE
All countries need goods and services to satisfy wants oftheir people. Productionofgoods
and services requires resources. As you have read in lesson No. 1, every cmnury has only
TRANSPORT AND COMMUNICATION
You must lave seen buses. bullock carts, trains, ships, boats, aeroplanes, etc. all around
you. Bullockcarts, buses,trucks, etc. runontheroads,u'ainsontherailwaytracks,boats
In a broad sense, nance refers to mds needed to early out production Funds are
needed for meeting current requirements or day to day W3 and for buying capital
goods. A business unit factory or workshop - need
27 _ i.
There are three sectors in any economy : primary, secondary and tertiary. In the previous
lesson (No. 26) you have studied about agriculture which is the main constituent of the
primary sector. In this lesson you will s
MONEY SUPPLY AND ITS REGULATION
After going through this lesson you will be able to :
' explain the need for money and its various 1 ;
0 explain how we make money payments; . .
0 style that who issue
l ACHIEVEMENTS OF PLANNING
In the previous lesson you have studied how the Indian economy was in need of economic .
development. Economic planning was adopted to ensure economic development. The 1'
objectives of economic pla
16" " .
WHAT AFFECTS SUPPLY '_
In the previous lesson you have studied the meaning of demand, the factors aifecting demand I
7 and the law of demand. We cant buy a commodity unless it is available in the market. So
supply of a commodi